Specialty Chemicals Indian Specialty Chemical Industry Worth US $ 38 Billion in 2017
India's speciality chemicals industry has constantly grown over the last four years. As a main supplier for India's domestic industries but also its agricultural development, the chemical industry is widely regarded as a growth motor of the country.
The speciality chemicals segment has grown at 11 to 13 percent per year over the period of the XIth Five–Year–Plan (fiscals 2007 to 2011). The country's specialty chemical industry (excluding agrochemicals and dyes & pigments) is currently valued at US $ 17.7 billion and is an important growth driver for Indian economy. The segment has the potential to reach US $ 38 billion by the end of 2017, with estimated growth rates of 13-14 percent per year, industry insiders believe.